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*** Official Bitcoin Price Discussion Thread ***

Discussion in 'Crypto Currency & Mining' started by morguk, Dec 28, 2016.

  1. Minusorange

    Mobster

    Joined: Nov 25, 2005

    Posts: 3,791

  2. MrWhippy

    Wise Guy

    Joined: Sep 15, 2005

    Posts: 1,378

    Ah yes, I've confused the military time zone with 24 hour analogue clocks, which I've only ever seen used in a military setting.
     
  3. EssexBoy

    Hitman

    Joined: Jun 13, 2013

    Posts: 698

    Location: Essex/East London

    How low can she go

    [​IMG]
     
  4. silversurfer

    Capodecina

    Joined: Jul 13, 2004

    Posts: 18,645

    Location: Stanley Hotel, Colorado

    zulu is very close to UTC I think, USA military time or NATO uses that I think. MIght have been Zebra time when UK was in charge pre war

    [​IMG]

    Its challenged both tops and bottom prices a few times but its not lost the inter month up trend. Very short term I guess some bounce but it should be testing lows a bit more imo ie. circa 10k at least but i often miss the forest for the trees on the spirit of the move, till broken thats up

    Lower high should we close out day here is bearish enough to take note
     
  5. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 4,052

    Location: Sheffield, UK

    I spent my last bit of fiat on coinbase at £9394. Hopefully that will turn out to be a good buy. So far so good. It was brutal to watch happening.
     
  6. EssexBoy

    Hitman

    Joined: Jun 13, 2013

    Posts: 698

    Location: Essex/East London

    Red morning :D
     
  7. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 4,052

    Location: Sheffield, UK

    Nasty. Bitcoin looks bad, but altcoins look horrendous.
     
  8. kindai

    Soldato

    Joined: Aug 9, 2013

    Posts: 6,291

    Location: Bromsgrove

    We've clearly bottomed out, on the way up we go.






    *locks in a short*
     
  9. SlyReaper

    Soldato

    Joined: Apr 26, 2008

    Posts: 6,304

    Location: Bristol, Old Blighty

    This clearly happened because you stopped making bearish predictions. :p

    I'm slightly dischuffed, because one of my automatic weekly buys went in just before it dumped. Only a £25 buy, but still. Turns out even cost-averaging, you can mis-time the market.
     
  10. kindai

    Soldato

    Joined: Aug 9, 2013

    Posts: 6,291

    Location: Bromsgrove

    Haha ok here you go then.

    A whale just "claimed" a 9000btc short order.

    Down we go as he sells off over the next few days.
     
  11. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 4,052

    Location: Sheffield, UK

    When was it that someone claimed a 20K BTC short recently? Was that before the dump, or before the pump?
     
  12. muon

    Capodecina

    Joined: Nov 8, 2006

    Posts: 17,833

    Location: London

    65% dominance now. Crushing it.
     
  13. kindai

    Soldato

    Joined: Aug 9, 2013

    Posts: 6,291

    Location: Bromsgrove

    Before the dump.

    Claiming a short closes it off without putting in a buy order as you effectively buy the position out with your own money. Its a great way to get a lot of bitcoin ready to sell without effecting the market, particularly with such huge positions.
     
  14. Telecaster

    Mobster

    Joined: Jun 17, 2012

    Posts: 4,869

    Alt coin massacre! I had a small amount of BTC that was mined at around $4k so I topped up my Cardano seeing as it's tanked so hard, I think the ratio was pretty good @ 560 sats, it hasn't been that low for almost 2 years.

    That's all the BTC I had though, I'm now firmly in the - 'all my eggs in the ALT basket' - camp *gulp*.
     
  15. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 62,171

    Donald Trump is not amused:



    I half expect that to spike the value just out of people spiting him. On the other hand I suspect he is starting to realise its impact when it comes to sanctions.
     
  16. Jokester

    Don

    Joined: Aug 7, 2003

    Posts: 38,594

    Location: Aberdeenshire

    ^^

    Nice little rebound today!
     
  17. wesimmo

    Wise Guy

    Joined: Mar 19, 2012

    Posts: 2,086

    Could you hide movements of BTC that would be of the size required for the purpose of avoiding sanctions?

    Surely that amount of money moving would be easily identifiable and then watched?
     
  18. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 4,052

    Location: Sheffield, UK

    For large transactions on bitcoin, there's a twitter account that posts all of them over a certain amount, and for all major cryptos as well as the top 100 ERC-20 tokens. https://twitter.com/whale_alert
     
  19. wesimmo

    Wise Guy

    Joined: Mar 19, 2012

    Posts: 2,086


    And I assume if there were a huge number of small transactions there'd also be someone who'd spot it?
     
  20. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 62,171

    That is a simplified way to look at it. Amongst other factors sanctions are often not just intended as direct measures against a government but to put pressure on the citizens of a country in the hope they will then put pressure on their leadership to change their ways - if individual businesses, etc. within a country can utilise bitcoin to take that pressure off them then it weakens the impact of those sanctions. Activities designed to work around sanctions won't just be one direct block of one dimensional transactions and another aspect is that current ways often rely on cash (or goods equivalent) transactions due to loss of access to global financial systems, etc. which are exposed to intermediate parties in a way using bitcoin wouldn't be.